Question
please help me answer this by 8pm today. thank you!!
Kimberly Industries has conducted market research which indicates customers are interested in purchasing its new product. Kim
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solutiion:

Answer: Option with " $39.62 " is the correct option foe selling price customer is willing to pay.

Explaination:

Selling Price = Target Cost + Gross Margin

= $28.30 + 40% * $28.30

=$28.30 +$11.32

= $ 39.62

Add a comment
Know the answer?
Add Answer to:
please help me answer this by 8pm today. thank you!! Kimberly Industries has conducted market research...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Michelle Industries has conducted market research which indicates customers are interested in purchasing its new product....

    Michelle Industries has conducted market research which indicates customers are interested in purchasing its new product. Michelle requires a 30% gross margin on all new products. The production supervisor has been directed to produce this product at its target cost of $26.95 per unit. What is the price customers are willing to pay for this new product (if necessary, round your answer)? O $35.04 O $38.54 O $61.99 O $45.82

  • please help me answer this by 8pm today. thank you!! Cullumber Company sells two types of...

    please help me answer this by 8pm today. thank you!! Cullumber Company sells two types of air filters, Standard and Deluxe. The Standard filter has a contribution margin of $32 while the Deluxe has a contribution margin of $43. Cullumber sells 5 Standard filters to every 1 Deluxe filter. If fixed costs total $190008, how many Standard and Deluxe filters must be sold to breakeven? O 5938 Standard: 4419 Deluxe O 4752 Standard: 1188 Deluxe O 4680 Standard: 936 Deluxe...

  • Summit Products, Inc. is interested in producing and selling an improved widget Market research indicates that...

    Summit Products, Inc. is interested in producing and selling an improved widget Market research indicates that customers would be willing to pay $96 for such a widget and that 56,000 units could be sold each year at this price. The current cost to produce the widget is estimated to be $58. Summit Products requires a 25% return on sales to undertake production, what is the target cost for the new widget? Multiple Choice O $24.00 o $7.00

  • Summit Products, Inc. is interested in producing and selling an improved widget. Market research indicates that...

    Summit Products, Inc. is interested in producing and selling an improved widget. Market research indicates that customers would be willing to pay $76 for such a widget and that 36,000 units could be sold each year at this price. The current cost to produce the widget is estimated to be $52. 1. If Summit Products requires a 25% return on sales to undertake production, what is the target cost for the new widget? a. $57.00 b. $19.00 c. $63.00 d....

  • please help me answer this question by 8:15pm today. thank you Edward earned net income of...

    please help me answer this question by 8:15pm today. thank you Edward earned net income of $83520 and has fixed costs of $41760. Edward sold 12760 units for $30 each and has a 40% contribution margin ratio. What were Edward's operating income and tax rate? O $139200: 40% O $313200; 27% O $194880; 38% O $111360: 25%

  • I need the answer of Req6, please help me,thank you Problem 12-23 Make or Buy Decision...

    I need the answer of Req6, please help me,thank you Problem 12-23 Make or Buy Decision (LO12-3) Silven Industries, which manufactures and sells a highly successful line of summer lotions and insect repellents, has decided to diversify in order to stabilize sales throughout the year A natural area for the company to consider is the production of winter lotions and creams to prevent dry and chapped skin After considerable research, a winter products line has been developed. However, Silven's president...

  • Please help me and be clear on all three questions. Thank you Consider the case of...

    Please help me and be clear on all three questions. Thank you Consider the case of Turnbull Co. Turnbull Co. has a target capital structure of 45% debt, If its current tax rate is 40%, how much higher will 4% preferred stock, and 51% common equity. It has a Turnbull's weighted average cost of capital (WACC) be if before-tax cost of debt of 8.2%, and its cost of preferred it has to raise additional common equity capital by stock is...

  • Please answer all three. Thank you. Bailey Sheppard Corp. ("BSC") manufactures musical equipment and is evaluating...

    Please answer all three. Thank you. Bailey Sheppard Corp. ("BSC") manufactures musical equipment and is evaluating the economics of expanding its manufacturing facility to enable it to take on a new business customer contract for the next 4 years. Last year, the company paid Target Research LLC $35,000 to do a marketing research study for its product lines. The current expansion scenario would have total construction costs of $1.3 million and it would take about 50 days to complete lie.,...

  • please give right answer. Thank you. Sage Hill Industries has the following patents on its December...

    please give right answer. Thank you. Sage Hill Industries has the following patents on its December 31, 2019, balance sheet. Patent Initial Date Useful Life at Date Item Cost Acquired Acquired Patent A $43,860 3/1/16 17 years Patent B $16,800 7/1/17 10 years Patent C $21,600 9/1/18 4 years The following events occurred during the year ended December 31, 2020. 1. Research and development costs of $245,000 were incurred during the year. 2. Patent was purchased on July 1 for...

  • Please only answer if you know, thank you. Portman Industries just paid a dividend of $1.44...

    Please only answer if you know, thank you. Portman Industries just paid a dividend of $1.44 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 16.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 3.20% per year. Value The risk-free rate (TRF) is 4.00%, the market risk premium (RPM) is 4.80%, and Portman's beta is 1.90. Term...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT